Assured Guaranty Q3 net income $157M; leadership change: Bailenson to COO, Rosenblum to CFO

ASSURED GUARANTY LTD

2023-Q3 EPS reported $5.99 revenue$1,046,000,000

Q3 net income $157M ($2.60/share); adjusted operating income $206M ($3.42/share).
PVP $46M, GWP $40M; muni bond insurance market share 62% of insured par in primary.
Gain on Sound Point & AHP transactions $241M pre-tax; board increased buyback authorization by $300M.
CFO Robert Bailenson promoted to COO; Chief Actuary Benjamin Rosenblum to succeed as CFO, effective Jan 1, 2024.
Share repurchases $64M, dividends $16M in Q3; shareholders' equity per share $90.84.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Benjamin G. Rosenblum

Chief Financial Officer

AGO · ASSURED GUARANTY LTD

Effective: 2024-01-01
Filed: November 7, 2023, 6:59 PM ET

On November 1, 2023, AGL’s Board of Directors appointed Robert A. Bailenson, who is currently its Chief Financial Officer, to be its Chief Operating Officer and Benjamin G. Rosenblum, who is currently its Chief Actuary, to be its Chief Financial Officer.

Role change

Robert A. Bailenson

Chief Operating Officer

AGO · ASSURED GUARANTY LTD

Effective: 2024-01-01
Successor: Benjamin G. Rosenblum
Filed: November 7, 2023, 6:59 PM ET

On November 1, 2023, AGL’s Board of Directors appointed Robert A. Bailenson, who is currently its Chief Financial Officer, to be its Chief Operating Officer and Benjamin G. Rosenblum, who is currently its Chief Actuary, to be its Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ASSURED GUARANTY LTD reported third quarter 2023 results: net income $157 million, or $2.60 per share, EPS $2.60 per share.

Period: third quarter 2023
Net income: $157 million, or $2.60 per share
EPS: $2.60 per share
Result: reported results

Exact text from the filing

Assured Guaranty Ltd. issued a press release reporting its third quarter 2023 results

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin G. Rosenblum was appointed as Chief Financial Officer at ASSURED GUARANTY LTD.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 1, 2023, AGL’s Board of Directors appointed Robert A. Bailenson, who is currently its Chief Financial Officer, to be its Chief Operating Officer and Benjamin G. Rosenblum, who is currently its Chief Actuary, to be its Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert A. Bailenson was appointed as Chief Operating Officer at ASSURED GUARANTY LTD.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On November 1, 2023, AGL’s Board of Directors appointed Robert A. Bailenson, who is currently its Chief Financial Officer, to be its Chief Operating Officer and Benjamin G. Rosenblum, who is currently its Chief Actuary, to be its Chief Financial Officer.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

ASSURED GUARANTY LTD filing history →

Source: SEC EDGAR

accession 0001273813-23-000076

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